About Wand Labs
Wand Labs is a company based in Redwood City (United States) founded in 2013 was acquired by Microsoft in June 2016.. Wand Labs has raised $2.67 million across 1 funding round from investors including Microsoft. Wand Labs operates in a competitive market with competitors including Infobip, Hyro, Rasa, Beeper and Gridspace, among others.
- Headquarter Redwood City, United States
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Sectors
TelecommunicationsTechnology
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Phone
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Website
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Social
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Software Development Team
190 people
Leadership Team
159 people
Sales and Marketing
57 people
Product Management Team
30 people
Board Team
11 people
Senior Team
11 people
Finance and Accounting
9 people
Principal Team
9 people
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Funding Insights of Wand Labs
Wand Labs has successfully raised a total of $2.67M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.67 million completed in May 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.7M
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First Round
First Round
(29 May 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Seed - Wand Labs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wand Labs
Wand Labs has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Microsoft. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Microsoft is recognized for software, hardware, and gaming solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wand Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wand Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wand Labs Comparisons
Competitors of Wand Labs
Wand Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infobip, Hyro, Rasa, Beeper and Gridspace, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based messaging and communication solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Open source machine learning tools for conversational AI are provided.
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| domain | founded_year | HQ Location |
Online cross messenger platform
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| domain | founded_year | HQ Location |
Cloud based platform offering speech analytics solutions
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| domain | founded_year | HQ Location |
Intelligent conversational interfaces are developed via the MindMeld platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wand Labs
When was Wand Labs founded?
Wand Labs was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Wand Labs located?
Wand Labs is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Wand Labs a funded company?
Wand Labs is a funded company, having raised a total of $2.67M across 1 funding round to date. The company's 1st funding round was a Seed of $2.67M, raised on May 29, 2015.
What does Wand Labs do?
Wand Labs was founded in 2013 in Redwood City, United States. Operations focus on the mobile technology sector, where a dedicated app is developed to integrate various applications. This allows users to control other devices remotely and share access permissions with contacts. An open-source API is planned for developer integration to expand functionality.
Who are the top competitors of Wand Labs?
Who are Wand Labs's investors?
Wand Labs has 1 investor. Key investors include Microsoft.